Gold has bounced sharply from the $4,050 area, showing that buyers are no longer completely absent. The move was strong enough to shift short-term sentiment, but the broader structure still needs confirmation.
The key zone now is $4,350–4,380. A breakout above this area could attract fresh buyers and push XAUUSD toward $4,450. But if sellers defend this resistance, gold may slide back toward $4,200.
Trade Setup:
Buy Zone: $4,300 – $4,320
Stop Loss: $4,240
Take Profit 1: $4,380
Take Profit 2: $4,450
The key zone now is $4,350–4,380. A breakout above this area could attract fresh buyers and push XAUUSD toward $4,450. But if sellers defend this resistance, gold may slide back toward $4,200.
Trade Setup:
Buy Zone: $4,300 – $4,320
Stop Loss: $4,240
Take Profit 1: $4,380
Take Profit 2: $4,450
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.